Yalgoo/Gullewa Gold Opportunity
Price: $11,997 each
Granted Mining Tenement P 59/2388 is 199HA & P 59/2389 is 198HA
Remarkable Magnetic Anomaly: An indicator of potential mineral deposits.
Rich Geological Diversity: The presence of abundant quartz floats with sub-cropping quartz veins and volcanic rocks.
Significant Size: Offers abundant prospecting opportunities.
The current Prospecting Licenses P 59/2386 to 2389 are situated within the Yalgoo Goldfield, a historically significant gold mining area in Western Australia. The leases are located within the Shire of Yalgoo in the Mid-West Region, approximately 220 road km east of the Geraldton port city and 470 road km NNE of Perth. These are easily accessible by roads and tracks, such as through the sealed Geraldton-Mt. Magnet Road or Morawa-Yalgoo Road.
The local geology shows the tenements contain the Youanmi Terrane greenstones in contact with the Goonetarra Granodiorite. The Youanmi Terrane greenstones are known to host significant gold deposits and have been the focus of extensive exploration and mining activities.
In addition, the presence of sulfide-bearing quartz/silicate minerals, moderate to high magnetic anomaly, and good drainage within the tenements present favorable conditions for the formation and concentration of gold deposits.
Recommended Prospecting Activities
Preliminary survey of the area shows “salt and pepper” texture of the ground and indicates the presence of sulfide-bearing silicate minerals, which are good initial indications for prospecting gold. Locate areas with abundant quartz / silicate floats, sulfide-bearing silicate minerals, sub-cropping quartz veins and greenstone rocks, and other altered rocks. Identify location of shear zone and splays, locate drainage breakaways and changes in topography.
Recommended Exploration Activities
Conduct gridded soil sampling campaigns to find targets, structural mapping, and sub-crop / outcrop sampling to locate shear zones and splays, primary gold sources, and potential alluvial areas. Conduct drilling to intersect subsurface contact of rocks and conduct further geophysical surveys.